Earnings Per Share (EPS) is a crucial metric for evaluating a company’s profitability and is often considered one of the foundational indicators for identifying strong investment opportunities. It helps investors gauge how efficiently a company is generating profits for its shareholders. (To understand EPS in detail, you can read our full article here: What is EPS?)

In this post, we highlight two fundamentally strong companies that have reported a remarkable YoY EPS growth of approximately 35%, making them worth monitoring for potential investment.

Himadri Speciality Chemical Ltd (HSCL) is the first on our radar. Known for its leadership in carbon materials and chemicals, Himadri is India’s top coal pitch manufacturer and the only domestic producer of advanced carbon materials. It also holds the leading position in the production of Naphthalene and Sulphonated Naphthalene Formaldehyde (SNF). The company’s product portfolio spans across multiple industries, including lithium-ion batteries, paints, plastics, tires, aluminum, agrochemicals, defense, and construction chemicals.

With a market capitalization of ₹21,608 crore, Himadri has shown consistent profitability. Since the quarter ending September 2022, its quarterly net profit has steadily risen—from ₹35 crore to ₹155 crore by March 2025. On a yearly basis, net profit has grown from ₹411 crore (FY 2024) to ₹555 crore (FY 2025). The confidence in the company is also reflected in the rising stakes of promoters, foreign institutional investors (FIIs), and domestic institutional investors (DIIs). Most notably, Himadri’s EPS has jumped by nearly 35% YoY (~34.89%), pointing toward strong fundamentals and potential for future gains.

The second company to watch is Indian Renewable Energy Development Agency Ltd (IREDA). A government-owned enterprise under the Ministry of New and Renewable Energy (MNRE), IREDA is India’s largest pure-play green energy financing non-banking financial company (NBFC). It was established to promote and fund projects in the renewable energy and energy efficiency space. Over the years, it has grown into a full-spectrum financial institution offering support from project ideation to commissioning, including equipment financing and transmission infrastructure.

IREDA holds ‘Navaratna’ status from the Government of India and is registered as a public financial institution and infrastructure finance company with the RBI. With 75% government ownership, the company has shown robust financial growth. Its quarterly profits have been steadily climbing from ₹336 crore in December 2022 to ₹502 crore by March 2025. On a longer timeline, its net profit has surged from ₹215 crore in March 2020 to ₹1,699 crore by March 2025. Impressively, its EPS has grown by 35.6% YoY, underscoring strong financial health and growing investor confidence.

Both Himadri Speciality Chemical and IREDA present compelling cases for long-term investors. Their consistent profit growth, rising EPS, and solid fundamentals make them worthy additions to any investor’s watchlist. However, timing is key—consider entering these stocks when technical indicators align with the overall market sentiment for optimal returns.